Tech & Software · Week of Nov 2, 2026
Raised guidance and buybacks mark Q3 earnings: the week in tech
Eight companies reported quarterly results, with several raising guidance or expanding buybacks while one-time charges drove GAAP losses at others.
Third-quarter earnings dominated the week. Waters, Unisys and CLEAR raised parts of their full-year 2026 guidance, Kyndryl reaffirmed its fiscal 2027 outlook, and EPAM updated its full-year forecast. Capital returns were another common feature. EPAM replaced its buyback with a program of up to $1.8 billion and plans a $500 million accelerated repurchase. CLEAR added $175.0 million to its repurchase authorization and declared a dividend. Blue Owl Technology Finance Corp. repurchased $55 million of stock and declared a $0.35 base dividend.
One-time items weighed on reported earnings at several companies. Unisys posted a $201.0 million net loss that included a $151 million pension settlement loss. Zillow Group's $158 million net loss included a $165 million class action settlement. Waters' GAAP EPS fell on acquisition-related charges even as adjusted EPS rose 21%. Among the IT services firms, Kyndryl and EPAM reported modest or negative revenue growth. Wayfair and CLEAR reported faster top-line gains.
Waters Corporation
Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results
Waters reported third quarter 2026 revenue of $1.767 billion and adjusted EPS of $4.10, raised full-year guidance to $6.479 billion to $6.497 billion in revenue, and announced the acquisition of MOBILion Systems, Inc. GAAP diluted EPS fell to $0.82 from $2.50, which the company attributes to acquisition-related purchase accounting, acquisition and restructuring costs.
Unisys Corporation
Unisys Announces 3Q26 Results
Unisys reported third-quarter revenue of $471.5 million, up 2.5%, and a net loss of $201.0 million that included a $151 million non-cash pension settlement loss tied to transferring about $200 million of pension liabilities to an insurer. The company raised its 2026 constant currency revenue growth guidance to (3.0)% to (1.5)% and reported New Business TCV of $221 million, up 78%.
Wayfair Inc.
Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth
Wayfair reported third-quarter net revenue of $3.4 billion, up 9.7%, with U.S. revenue up 11.4%, and net income of $62 million compared with a $99 million loss a year earlier. The company says U.S. growth came against a roughly flat category, while international revenue fell 2.3% and that segment posted negative Adjusted EBITDA of $25 million.
CLEAR
CLEAR Announces Third Quarter 2026 Financial Results
Clear Secure reported third quarter revenue of $292.9 million, up 27.8%, and net income of $75.3 million. It raised its full-year Free Cash Flow guidance, added $175.0 million to its buyback and declared a $0.15 dividend. Quarterly Free Cash Flow was $(103.8) million, which the company says reflects an approximately $315 million settlement of accrued partnership liabilities, and it now counts 63 CLEAR+ airports.
Kyndryl
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Kyndryl reported fiscal second-quarter revenue of $3.7 billion, down 1.9%, net income of $59 million and signings of $4.1 billion, with hyperscaler-related revenues of more than $550 million up 27.2%. The company reaffirmed its fiscal 2027 guidance and says $38 million of workforce rebalancing charges are expected to yield about $400 to $500 million in annualized savings in fiscal 2028.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported third-quarter revenue of $724 million, up 7%, led by Rentals up 26% and Mortgages up 32%, while Residential revenue fell 4%. Its net loss of $158 million included a $165 million Zillow Offers securities class action settlement, and the company attributes the Residential decline to higher-than-expected mortgage rates.
Blue Owl Technology Finance Corp.
Blue Owl Technology Finance Corp. Announces September 30, 2026 Financial Results
Blue Owl Technology Finance Corp. reported third-quarter net investment income of $0.29 per share and net asset value per share of $16.62, and declared a fourth quarter base dividend of $0.35. Investments on non-accrual rose to 1.8% at cost and 1.1% at fair value, from 0.6% and 0.1% as of June 30, 2026.
EPAM Systems, Inc.
EPAM Reports Results for Third Quarter 2026
EPAM reported third quarter revenues of $1.426 billion, up 2.3%, and GAAP diluted EPS of $2.53, and now expects full-year 2026 revenue growth of 3.5% to 3.7%. The company set a new repurchase program of up to $1.8 billion through 2029, plans a $500 million accelerated repurchase and says it will return at least 50% of free cash flow annually from 2027 through 2029.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Phoenix Web Pros reporting.